Axial Exchange Raises $1.15M for Healthcare Information System

Axial Exchange, a company selling technology to increase medical efficiency by making sure doctors and patients have the information they need, has raised $1.15 million from a $1.5 million share offering, according to a regulatory filing.

The company disclosed the raise in a filing with the US Securities and Exchange Commission, which lists Stephen Block of California-based CAnaan Partners as a principal.

According to the company website, it developed its technology “Drawing from experience in other more automated industries, and combining the principles of open standards and open source, we seek to enable providers’ access to the data from their legacy systems facilitating new integrated applications and the future of true health information exchange.”

CEO Joanne Rohde says on the site that the company evolved due to experiences she, her mother and her husband had dealing with chronic and acute illnesses in the healthcare system.

The company sells a communications platform, clinical dashboard, and data platform to get patient information to healthcare professionals on whatever device they choose, including data from legacy IT systems.